Trade deficit widens in October

Date: December 07 2012

Australia's trade deficit widened in October, official figures show.

The balance on goods and services was a deficit of $2.088 billion in October seasonally adjusted, compared with a downwardly revised deficit of $1.420 billion in September, the Australian Bureau of Statistics (ABS) said on Friday.

Economists' forecasts had centred on a deficit of $2.2 billion in October.

During the month, exports were flat, while imports rose 3.0 per cent, the ABS said.

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